NetApp, Inc. $NTAP Shares Acquired by National Pension Service

National Pension Service increased its holdings in NetApp, Inc. (NASDAQ:NTAP) by 145.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 539,405 shares of the data storage provider’s stock after purchasing an additional 319,332 shares during the quarter. National Pension Service’s holdings in NetApp were worth $83,478,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NTAP. Norges Bank acquired a new stake in NetApp during the 4th quarter valued at $458,060,000. Jefferies Financial Group Inc. acquired a new position in shares of NetApp in the fourth quarter worth $14,869,000. Handelsbanken Fonder AB raised its holdings in shares of NetApp by 106.8% in the fourth quarter. Handelsbanken Fonder AB now owns 262,732 shares of the data storage provider’s stock worth $28,136,000 after acquiring an additional 135,715 shares during the last quarter. Swedbank AB lifted its position in shares of NetApp by 22.0% in the fourth quarter. Swedbank AB now owns 97,086 shares of the data storage provider’s stock valued at $10,397,000 after acquiring an additional 17,520 shares in the last quarter. Finally, Arbejdsmarkedets Tillaegspension purchased a new stake in shares of NetApp in the fourth quarter valued at $21,234,000. 92.17% of the stock is owned by institutional investors and hedge funds.

More NetApp News

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Zacks upgraded NetApp to “Strong Buy” from “Hold,” adding to the stock’s positive momentum and likely providing a near-term catalyst for investors.
• Positive Sentiment: NetApp’s inclusion on Zacks’ list of top momentum stocks reinforces the view that its recent operating performance and share-price trend remain favorable. Best Momentum Stock to Buy for September 10th
• Positive Sentiment: Northland Securities raised its FY2027 EPS forecast to $8.14 from $7.11 and its FY2028 forecast to $9.15 from $7.85. It also increased estimates for several quarterly periods while maintaining an “Outperform” rating, signaling stronger expectations for demand and profitability.
• Positive Sentiment: Recent results showed substantial earnings and revenue strength: NetApp reported quarterly EPS of $2.58 versus the $2.12 consensus estimate, while revenue of $2.03 billion exceeded the $1.84 billion forecast and grew nearly 30% year over year. The company also raised its product and earnings outlook, supporting optimism around its storage and data-management strategy.
• Positive Sentiment: Shareholders approved NetApp’s governance changes and re-elected the company’s director nominees, including CEO George Kurian. The result removes a potential governance overhang and maintains leadership continuity. NetApp Shareholders Approve Governance Changes and Board Slate
• Neutral Sentiment: Analysts are comparing NetApp with Super Micro Computer as a value investment, but the article does not represent a specific change in NetApp’s outlook. SMCI or NTAP: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Northland’s $187 price target remains below NetApp’s recent trading level, suggesting that at least one analyst sees limited near-term upside despite raising earnings estimates.

Insider Activity at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction on Monday, August 10th. The shares were sold at an average price of $193.82, for a total value of $193,820.00. Following the transaction, the executive vice president owned 30,297 shares in the company, valued at $5,872,164.54. This trade represents a 3.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Cesar Cernuda sold 49,464 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $154.82, for a total transaction of $7,658,016.48. Following the sale, the president directly owned 46,806 shares of the company’s stock, valued at $7,246,504.92. This represents a 51.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 54,072 shares of company stock valued at $8,556,040 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

NetApp Stock Performance

NetApp stock opened at $199.28 on Friday. The stock has a fifty day moving average price of $182.09 and a 200 day moving average price of $143.89. NetApp, Inc. has a 52 week low of $93.69 and a 52 week high of $209.06. The firm has a market capitalization of $39.14 billion, a P/E ratio of 28.11, a PEG ratio of 1.98 and a beta of 1.44. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.46. NetApp had a return on equity of 119.13% and a net margin of 19.18%.The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $1.15 EPS. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. Equities research analysts anticipate that NetApp, Inc. will post 8.32 earnings per share for the current year.

NetApp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, October 9th. NetApp’s payout ratio is presently 29.34%.

Analyst Ratings Changes

A number of analysts recently commented on NTAP shares. Wedbush increased their price objective on NetApp from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Zacks Research upgraded shares of NetApp from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Barclays upped their target price on shares of NetApp from $199.00 to $219.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Argus set a $225.00 price target on shares of NetApp in a report on Friday. Finally, Susquehanna upped their price objective on shares of NetApp from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetApp presently has a consensus rating of “Hold” and a consensus price target of $193.86.

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data infrastructure and cloud storage company that helps organizations manage, protect and access data across on-premises environments, private clouds and public clouds. Its offerings are designed to support enterprise workloads such as databases, business applications, artificial intelligence and virtualized computing.

The company’s portfolio includes all-flash and hybrid storage systems, cloud storage services, data management software and infrastructure-as-a-service solutions.